CTS CTS Corp.

CTS Corp is a designer and manufacturer of electronic components, actuators and sensors. It also provides services to OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. The company was founded in 1896 and is headquartered in Lisle, IL.

Company profile

Ticker

CTS

Exchange

NYSE

Website

www.ctscorp.com

CEO

Kieran M. Osullivan

Incorporated in

Indiana

Location

Illinois

Fiscal year end

Dec 31

Sector

Electronic Technology > Computer Processing Hardware

Industry (SEC)

Printed Circuit Boards

Flex • Sanmina • Jabil • Benchmark Electronics • TTM • Kimball Electronics • SigmaTron International • SMTC • IEC Electronics • Eltek ...

SEC CIK

0000026058

Corporate docs

Articles of Incorporation & Bylaws

IRS number

350225010

CTS stock data

S&P 500

1M 1Y 2Y 5Y

FINRA relative short interest over last month (20 trading days) ?

Company financial data Financial data

Chart CTS financial data

Quarter (USD)	Dec 19	Sep 19	Jun 19	Mar 19
Revenue	115.04M	115.65M	120.68M	117.63M
Net income	10.06M	2.72M	11.94M	11.42M
Diluted EPS	0.31	0.08	0.36	0.34
Net profit margin	8.75%	2.35%	9.90%	9.71%
Operating income	-12.39M	10.12M	17.08M	14.22M
Net change in cash	-958K	-4.38M
Cash on hand	100.24M	101.2M	105.58M
Cost of revenue	76.34M	78.59M	79.48M	77.01M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	469M	470.48M	422.99M	396.68M
Net income	36.15M	46.53M	14.45M	34.38M
Diluted EPS	1.09	1.39	0.43	1.03
Net profit margin	7.71%	9.89%	3.42%	8.67%
Operating income	53.82M	61.04M	38.5M	63.17M
Net change in cash	-692K	-12.64M	-233K	-43.12M
Cash on hand	100.24M	100.93M	113.57M	113.81M
Cost of revenue	311.42M	305.51M	282.56M	256.25M

Financial data from CTS earnings reports

Recent insider trades

CTS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	$Price	#Shares	$Value	#Remaining
13 Mar 20	Zulueta Alfonso G	Common Stock	Buy	Aquire P	22.17	940	20.84K	13,013
12 Mar 20	Zulueta Alfonso G	Common Stock	Buy	Aquire P	21.59	863	18.63K	12,073
11 Mar 20	Zulueta Alfonso G	Common Stock	Buy	Aquire P	23.45	860	20.17K	11,210
10 Mar 20	Zulueta Alfonso G	Common Stock	Buy	Aquire P	23.51	850	19.98K	10,350
9 Mar 20	Zulueta Alfonso G	Common Stock	Buy	Aquire P	22.19	900	19.97K	9,500
6 Feb 20	Kieran M O'sullivan	Common Stock	Grant	Aquire A	30.13	22,320	672.5K	480,706
6 Feb 20	Ashish Agrawal	Common Stock	Grant	Aquire A	30.13	7,040	212.12K	136,947
6 Feb 20	Luis Francisco Machado	Common Stock	Grant	Aquire A	30.13	9,515	286.69K	88,106
6 Feb 20	Luis Francisco Machado	Common Stock	Grant	Aquire A	30.13	4,077	122.84K	78,591
6 Feb 20	Kieran M O'sullivan	Common Stock	Grant	Aquire A	30.13	33,326	1M	514,032

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2019

CTS institutional ownership history Ownership history

94.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	138	139	-0.7%
Opened positions	15	13	+15.4%
Closed positions	16	17	-5.9%
Increased positions	45	56	-19.6%
Reduced positions	59	47	+25.5%

13F shares	Current	Prev Q	Change
Total value	2.12B	2.19B	-3.0%
Total shares	30.88M	30.29M	+1.9%
Total puts	0	0	–
Total calls	0	14.4K	-100.0%
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK BlackRock	5.11M	$153.23M	+4.0%
N Price T Rowe Associates	2.89M	$86.72M	+8.2%
Wellington Management	2.78M	$83.41M	-0.4%
GBL Gamco Investors, Inc. Et Al	2.06M	$61.74M	-1.2%
Vanguard	2.04M	$61.12M	-1.3%
Dimensional Fund Advisors	1.9M	$57.16M	-1.0%
GS Goldman Sachs	1.4M	$41.97M	+7.2%
NTRS Northern Trust	1.25M	$37.44M	-0.4%
STT State Street	978.69K	$29.41M	+3.6%
Victory Capital Management	771K	$23.14M	+13.4%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	478.08K	+478.08K	NEW
Mesirow Financial Investment Management - Equity Management	0	-296.85K	EXIT
FMR	0	-232.29K	EXIT
N Price T Rowe Associates	2.89M	+219.06K	+8.2%
BLK BlackRock	5.11M	+197.96K	+4.0%
Millennium Management	132.51K	+115.22K	+666.3%
GS Goldman Sachs	1.4M	+94.22K	+7.2%
Victory Capital Management	771K	+91.07K	+13.4%
BMO Bank Of Montreal	124.13K	+74.85K	+151.9%
AV Aviva	71.54K	+71.54K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Valpey Fisher • Williams Controls • Littelfuse • Stoneridge

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: Absent, absolute, Alfonso, alter, attrition, bear, BMO, Certification, Collawn, commodity, compensatory, conceived, Consent, Cut, Diana, duly, emission, empowered, formal, formatted, foundry, gas, governmental, greenhouse, holiday, implicit, inception, Indemnification, inefficiency, inflow, Inline, intraperiod, issuable, iv, Johnson, letter, LIBOR, likelihood, Lunar, matter, Murphy, omitted, outbreak, Patricia, payroll, prevailing, processed, Profusek, promote, PSU, QTI, quantify, ratably, reopen, residual, Robert, root, Simplification, social, software, straight, sublimit, Supplemental, swing, tagged, temperature, text, thereof, thereto, thereunto, Thermistor, tier, uncertainty, undersigned, unremitted, unused, usage, vi, William, XBRL, Zulueta, ZuluetaDirector

Removed: adding, administrator, applying, assistance, assured, bargaining, block, breaking, broaden, calculate, certainty, collective, crystal, CTG, delinquent, direction, elimination, escalation, estimable, exceeded, gained, heading, hearing, imaging, implantable, Interbank, intravascular, LLC, London, long, lost, membership, nonvested, outcome, passed, persuasive, predicted, preserved, producer, prospectively, rebalancing, renewal, replace, requested, reserved, retrospectively, revaluation, Scotland, shipment, signature, subsequent, Sunday, title, traditional, ultrasound, unchanged, undrawn, unvested, week

From filing 10-K 2019 FY